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Unsaturated Polyester Resins (UPRs) to Stoke the Market for Propylene Glycol

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preet gambhir
Unsaturated Polyester Resins (UPRs) to Stoke the Market for Propylene Glycol

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global propylene glycol market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the propylene glycol market. For enhancing readers’ experience, the report starts with a basic overview about the propylene glycol market and its classification. Further, we have considered 2013 as the base year, 2027 as the estimated year, 2019 – 2027 as the stipulated timeframe.

Competitive Assessment

The propylene glycol market report includes global as well as emerging players:

  • Sinopec Zhenhai Refining & Chemical Company
  • Respol YPF
  • Arrow Chemical Group Corp
  • SK Chemicals
  • Shell Eastern Petroleum
  • Huntsman Corporation
  • Nihon Oxirane Co.
  • INEOS Oxide
  • Global Bio Chem Technology Group
  • BASF SE
  • Archer Daniels Midland Co.

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

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The recently published research report by Fact.MR regarding the global propylene glycol market includes product classification and current synopsis along with product upgrades and innovations. The propylene glycol market was pegged at more than 2,500 Thousand Tons in 2018, and the global market is likely to witness a strong growth rate during the forecast period on the backdrop of increasing building & construction activities along with expanding production capacities of key manufacturers across the globe.

To produce a range of petrochemical products, the worldwide chemical industry was strongly dependent on fossil fuels. However, increasing awareness of the advantages offered by renewable chemistry is now shifting the industry's focus on the development of bio-based chemicals such as propylene glycol. Due to the development of different end-user sectors, the propylene glycol industry is expected to experience powerful development during the forecast period. Owing to the active utilization of propylene glycol in the transportation, building & construction sectors, the petroleum-based propylene glycol segment retained an important market share. In terms of end-use segment, the segment of transportation is expected to grow rapidly due to rising automotive sales.

According to the report, the burgeoning construction & manufacturing industry, combined with growing investments for infrastructural growth in developing markets such as China, India, and Brazil is expected to be the major driver for the global propylene glycol market. In addition, this end-use sector is also driven by increased use of propylene glycols in applications such as automotive coolants, aircraft deicing fluid, and hydraulic & brake liquids.

What insights does the propylene glycol market report provide to the readers?

  • Propylene glycol market fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each propylene glycol market player.
  • Various regulations imposed by the governments on the consumption of propylene glycol market in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global propylene glycol market.

According to the study, the rapid utilization of propylene glycol is known to pose several occupational health hazards. Although Propylene glycol has been approved for use at certain levels in food and cosmetics according to the Food and Drug Administration (FDA), the widespread utilization of propylene glycol in industries is still regarded as harmful. This factor is expected to hinder the market growth during the forecast period.

The global propylene glycol market is shifting to China and other Asian nations with continued high risk for consolidation and rationalization, which has affected numerous small and medium scale competitors. The global market for propylene glycol is anticipated to witness lucrative market opportunities from Asian regions, especially, East Asia due to growing industrialization and increasing production footprint of key manufacturers in the region. However, currently, US holds the leading market share in terms of volume sales among key countries with nearly around 1/3rd of the global demand. Also, overall demand for unsaturated polyester resins is likely to be affected by ongoing trends in the national building industry and local economies' general health. Moreover, legacy regions such as North America and Europe in global propylene glycol market are anticipated to witness similar growth trend during the forecast period due to rising demand for pharmaceutical grade of propylene glycol in these regions.

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Questionnaire answered in the propylene glycol market report include:

  • How the market for propylene glycol market has grown over the historic period of 2013-2018?
  • What is the present and future outlook of the global propylene glycol market on the basis of region?
  • What are the challenges and opportunities for the propylene glycol market?
  • Why the consumption of propylene glycol market highest in region?
  • In which year segment is expected to overtake segment?
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